AYDIN, Halil İbrahim; DEĞERLİ, Ahmet; ÖZLÜ, Pınar - In: Iktisat Isletme ve Finans 25 (2010) 291, pp. 9-26
This paper uses over-the-counter currency options data to investigate market expectations on Turkish Lira-U.S. Dollar exchange rate. We extract option implied density functions to examine the evolution of market sentiment over the possible values of future exchange rates. Uncertainty is well...